08:25 | Lima, Jan. 22 (ANDINA).
Peru has been ranked the second best place to do business in Latin America in 2014, according to data compiled by Bloomberg.
Peru came in second among 14 Latin American nations, topped only by Chile in the Bloomberg survey released Tuesday.
In the global ranking, Peru moved up to 37th from 50th the year earlier. Hong Kong again topped the list, thanks in part to the low cost of starting a business there.
It was followed by Canada, United States, Singapore, Australia, Germany, United Kingdom, Netherlands, Spain and Sweden.
Rounding up the top 20 were France, Japan, South Korea, Finland, Norway, Luxembourg, Portugal, Switzerland, Denmark, and Ireland.
El Salvador came bottom of the 14 countries ranked in Latin America, below the Bahamas and Ecuador.
For its annual ranking, Bloomberg analyzed 157 countries on six broad criteria, including the degree of economic integration, the cost of setting up a business, the cost of labor and materials, the cost of moving goods, less tangible costs like inflation and the amount of corruption, and the health of its consumer base.